Sentences with phrase «current budget shortfall»

Lieutenant Governor Richard Ravitch is set to present a five - year financial - rescue plan Wednesday in which he will propose that New York borrow billions of dollars to address its current budget shortfall, the Times says.

Whether new revenues are in the form of a PIT, or some combination of the numerous revenue measures proposed in the Executive Budget, it is clear that we can not tax our way out of our current budget shortfalls.

Not exact matches

However, a new shortfall of $ 170 million has opened in the state's current $ 29 million budget, even after legislators cut $ 230 million in last year's session.

The forecast, due Monday, sets the benchmark when legislators meet in January to write a state budget for the coming fiscal year and fix shortfalls from the current year.

But as our provincial credit ratings have been downgraded, it will be important for the current and future governments to implement policies that will actually address the government's significant revenue shortfall and growing budget deficit.

The report also warns these shortfalls will increase as inflation combines with the current freeze on working age benefits to put family budgets under new and greater strain.

Vacca and transit advocates wrote their letter to state leaders in response to an AP story that reported that «Budget Director Robert Megna said the $ 315 million shortfall in the current budget must be addressed by Dec. 31.&Budget Director Robert Megna said the $ 315 million shortfall in the current budget must be addressed by Dec. 31.&budget must be addressed by Dec. 31.»

In the interview, DeFrancisco said his decision to run is based largely on current Governor Andrew Cuomo's $ 168 billion budget proposal unveiled last week that includes $ 1 billion in tax and fee increases in order to close a $ 4.4 billion shortfall.

The current fiscal year's budget, meanwhile, is falling out of balance by an estimated $ 350 million, and he's «expected» to call lawmakers back to Albany to deal with the shortfall.

The Legislature was scheduled to be in session Tuesday to pass other parts of Walker's plan to balance the current year's budget that faces a $ 137 million shortfall.

«Based on the Mayor's latest financial plan and our current revenue and spending projections, the city's budget shortfalls have shrunk considerably and the gap for the upcoming fiscal year appears manageable compared with past challenges,» the report reads.

Districts are struggling to stretch the school dollar as they deal with current and looming budget shortfalls.

President Bush's plan to consolidate a bevy of domestic programs into a $ 15 - billion block grant would cause a $ 27.4 billion shortfall for states over five years if they continue to fund the programs at their current levels, according to a report by the Senate Budget Committee.

Gov. Jeb Bush has ordered the legislature into a two - week special session, starting Oct. 22, to resolve a budget shortfall of $ 1 billion or more in the current year.

This week, the Legislative Analyst's Office (LAO) announced yet another budget shortfall for California in the current year.

But the real genesis of the current crisis, Howard proposed, can be found in that August 2011 decision by a Republican - controlled legislature to solve a fiscal shortfall by cutting the family - planning budget by two - thirds.